PancakeSwap, a popular multi-chain decentralized exchange (DEX), recently made an announcement regarding a major community reward program that is set to take place from July 5 to August 5. This program aims to distribute over 2.45 million zkSync (ZK) tokens to community members as a token of appreciation for their support in the zkSync PancakeSwap
Crypto
Meme coins have had their time in the spotlight during the recent bull cycle in the cryptocurrency market. Tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and various Solana-based coins have experienced significant gains over the past few months. However, their growth has hit a snag with the current market correction. One key factor that could
In the past 24 hours, the cryptocurrency market has experienced a significant downturn, with the total market capitalization dropping to $2.07 trillion, marking an 8.6% decline. One of the major casualties of this market correction is Bitcoin, the leading cryptocurrency, which saw its price fall below $54,000 for the first time since February. This sharp
The asset management firm Bitwise has recently made amendments to its S-1 registration with the SEC in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes in response to SEC Chair Gary Gensler’s statement regarding the potential approval of spot Ether ETFs by summer 2024. While some analysts
BitMEX recently introduced a new product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This offering is specifically designed to cater to traders who are interested in gaining exposure to various meme coins in the market. Described as the “S&P500 for crypto meme coins,” this contract allows traders to speculate on the performance of popular
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either ceasing their operations or selling off a portion of their Bitcoin reserves. Interestingly, historical data suggests that such a scenario often precedes a bottoming out of Bitcoin prices, ultimately leading to a subsequent uptrend in the asset’s value.
Ripple has been facing harsh penalties from the US SEC for its XRP sales, arguing lack of regulatory clarity. However, the recent court ruling on Binance’s BNB token has caught Ripple’s attention. Judge Amy Jackson dismissed SEC’s claims regarding Binance’s token sales, leading Ripple to file a Notice of Supplemental Authority. Ripple argues that the
In a surprising turn of events, meme coin DADDY has experienced a significant surge of 35% in its price within the last 24 hours. This surge has propelled the coin to trade at around $0.15 according to CoinGecko, with its market capitalization inching closer to the $100 million mark. The catalyst for this rally seems
Asset managers are currently optimistic about the Security and Exchange Commission’s approval for the first U.S. ETFs directly investing in Ethereum. There is a deadline set by the SEC for ETF applicants to submit updated paperwork and amended S-1s by July 8, with the possibility of additional rounds of filings. Recent feedback from the SEC
Bitcoin’s price has experienced a 15% decrease since reaching its all-time high of over $73,500 in mid-March. Despite this dip, there are indications that the bullish trend may not be coming to an end just yet. One key metric to consider is the Fear and Greed Index, which provides insight into investor sentiment. A reading